Should Germany worry about leaving its gold with U.S.?

The German journalist Lars Schall has quickly developed some elaboration from a German perspective on Jim Rickards' comments in his interview today with King World News. Schall quotes television commentator Max Keiser and Peter Boehringer of the Precious Metals Society in Germany on the likelihood that Germany's gold is in less than safe custody in the United States. Schall's elaboration is headlined "Currency War: Germany about to lose 66% of its Gold Reserves" and you can find it at the Chaos Theorien Internet site here:

http://www.chaostheorien.de/artikel/-/asset_publisher/haR1/content/curre...

Or try this abbreviated link:

http://tinyurl.com/2cnst65

Chris Powell

Secretary / Treasurer

Gold Anti-Trust Action Committee

www.GATA.org

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Marc Faber: Don't worry if gold crashes...

From BI-ME.com:

... Faber also said there could be a significant correction in gold and other commodities as the dollar changes course. However any large decline would represent a buying opportunity, he argues.

The governments of every developed economy, including the US, the UK, and Western Europe, will eventually default on their sovereign debts, so the one thing he will never do in his life is 'sell my gold...

Read full article...

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